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Are there players who make a living from online tournaments? Yes, there are players who make a lot of money in online tournaments. There are stats available, let’s see how they do it.

The first statistic that sticks out is how many tournaments many of these top players play. Here is an example that isn’t that unusual for a top player.

In one poker room alone, in one year our player played in over 2,200 tournaments. His average buy in was $175. With a 52% return on investment (ROI), he made over $200,000!

Even if he plays every day, this still means he’d have to play over six tournaments a day. This means he plays multiple tables at once. This is normal for most of these top earners.

Playing multiple tables is very common for highly skilled online players. One of the main reasons this is done is it can drastically increase your hourly rate of return. Another good reason to play multiple tables is to keep boredom from creeping into your play.

The top players don’t get paid as often as you would think. They cash about 15% of the time. So, cashing is not the key. What these players do better than the average Joe?

They will take the risks, earlier in the tournament, to get a big stack that could get them a win. The top players understand that barely cashing isn’t big a deal. Getting into the final spots once in a while is how you profit.

The short term ups and downs of MTT events are fairly long in cycling through. A big win or a gaggle of bad beats will distort you results. With enough tournaments, this balances out.

After you get enough results, you will see what you can expect from yourself. If you keep playing the same tournaments against the same level of opponents, you should maintain your level of profitability. Then you can start to know how much money you will make, on average, each month.

The stats tell us that most top tournament players play a lot of tournaments. The exception might be an occasional high stakes player. And, in spite of such a high volume of play, they keep a decent ROI of at least 50%.

If you think your game is good enough, give it a try. If you’re serious, read up on bankroll requirements for MTTs. Many players are good enough to win, but lose money due to bad money management.